• Risk management
  • Example: "In business, some level of risk-taking is essential for innovation and growth." 2) Risk management
  • : Why do you think some people prefer to get a monthly salary and have a stable job rather than start a business Answer
  • Question 2 : Do you think you have to be a risk-taker to be successful in business?




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    Speaking Part3 (2)

    Question 2
    : Do you think you have to be a risk-taker to be successful in business?
    Answer
    : Yes, a certain degree of
    risk-taking
    is often necessary for success in business.
    Starting and running a business involves uncertainty, and entrepreneurs must be willing to
    take calculated risks to achieve their goals.
    Risk management
    , however, is key. Successful
    business owners assess risks, plan strategically, and make informed decisions to minimize
    negative outcomes.
    High-level vocabulary with examples:
    1)
    Risk-taking
    (noun) - The act of engaging in activities or ventures that involve uncertainty
    or potential loss.
    Example: "In business, some level of risk-taking is essential for innovation and
    growth."
    2)
    Risk management
    (noun) - The process of identifying, assessing, and mitigating risks in a
    systematic manner.
    Example: "Effective risk management is crucial for ensuring that business risks are
    controlled and minimized."
    Question 3
    : Why do you think some people prefer to get a monthly salary and have a
    stable job rather than start a business?
    Answer
    : Some individuals favor stable jobs with monthly salaries for several reasons.
    Job
    security
    is paramount for them, as it provides a predictable income and various benefits like
    health care and retirement plans. Many people prefer the stability and
    work-life balance
    that
    traditional jobs offer, as they can focus on their personal lives without the pressures and
    uncertainties associated with running a business.
    High-level vocabulary with examples:
    1)
    Job security
    (collocation) - The assurance of continued employment without the fear of
    job loss.

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    Question 2 : Do you think you have to be a risk-taker to be successful in business?

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